W.W. Grainger Q4 Adj. EPS $8.33 Beats $8.05 Estimate, Sales $4.00B Miss $4.04B Estimate
Portfolio Pulse from Benzinga Newsdesk
W.W. Grainger (NYSE:GWW) reported Q4 adjusted EPS of $8.33, surpassing the $8.05 estimate, marking a 16.67% year-over-year increase. However, its $4.00B sales fell short of the $4.04B estimate, though it represents a 5.13% increase from the previous year.
February 02, 2024 | 1:03 pm
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W.W. Grainger reported a Q4 EPS of $8.33, beating estimates, with a 16.67% increase over the previous year. Sales reached $4.00B, slightly missing estimates but showing a 5.13% YOY growth.
The positive earnings beat and year-over-year growth in both EPS and sales indicate a strong financial performance, likely leading to a positive short-term impact on GWW's stock price. The slight miss on sales estimates may temper the positive impact but is offset by the significant earnings beat and overall growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100